{"id":1821,"date":"2021-06-10T18:54:57","date_gmt":"2021-06-10T16:54:57","guid":{"rendered":"http:\/\/costops.com\/index.php\/2021\/06\/10\/a-billionaire-buying-bits-of-bt-neednt-ring-alarm-bells-nils-pratley\/"},"modified":"2021-06-10T18:54:57","modified_gmt":"2021-06-10T16:54:57","slug":"a-billionaire-buying-bits-of-bt-neednt-ring-alarm-bells-nils-pratley","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/06\/10\/a-billionaire-buying-bits-of-bt-neednt-ring-alarm-bells-nils-pratley\/","title":{"rendered":"A billionaire buying bits of BT needn\u2019t ring alarm bells | Nils Pratley"},"content":{"rendered":"<p>Move for 12% stake by Altice\u2019s Patrick Drahi could be a good thing, though only time will tell<\/p>\n<p>A vote of confidence in the company? That\u2019s always a board\u2019s default spin on events when <a href=\"https:\/\/www.theguardian.com\/business\/2021\/jun\/10\/boost-for-bt-as-altice-telecom-group-buys-12-stake\">a billionaire buys a large stake<\/a>, purrs politely about management but is slightly mysterious about his long-term intentions. The pitch is rarely convincing because billionaires are not generally the type to sit back and simply collect a stream of dividends. They tend to want something.<\/p>\n<p>It\u2019s too soon to be confident about the motives behind Patrick Drahi of Altice\u2019s purchase of a 12.1% stake in BT, worth \u00a32bn. But, on this occasion, the non-threatening interpretation may be correct. Or, at least, it looks the most likely line for a while.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/nils-pratley-on-finance\/2021\/jun\/10\/billionaire-bt-alarm-bells-altice-patrick-drahi\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/a748045d4869a30872724676ec3193259d7e4a48\/0_116_3500_2101\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=6901603828eab1fdff6eebe7546b3cbd\" title=\"A billionaire buying bits of BT needn\u2019t ring alarm bells | Nils Pratley\" \/>Move for 12% stake by Altice\u2019s Patrick Drahi could be a good thing, though only time will tell<br \/>\nA vote of confidence in the company? That\u2019s always a board\u2019s default spin on events when a billionaire buys a large stake, purrs politely about management but is slightly mysterious about his long-term intentions. The pitch is rarely convincing because billionaires are not generally the type to sit back and simply collect a stream of dividends. They tend to want something.<br \/>\nIt\u2019s too soon to be confident about the motives behind Patrick Drahi of Altice\u2019s purchase of a 12.1% stake in BT, worth \u00a32bn. But, on this occasion, the non-threatening interpretation may be correct. Or, at least, it looks the most likely line for a while. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Move for 12% stake by Altice\u2019s Patrick Drahi could be a good thing, though only time will tell A vote of confidence in the company? That\u2019s always a board\u2019s default spin on events when a billionaire buys a large stake, purrs politely about management but is slightly mysterious about his long-term intentions. The pitch is &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2021\/06\/10\/a-billionaire-buying-bits-of-bt-neednt-ring-alarm-bells-nils-pratley\/\"> <span class=\"screen-reader-text\">A billionaire buying bits of BT needn\u2019t ring alarm bells | Nils Pratley<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":1822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1821"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=1821"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/1821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/1822"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=1821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=1821"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=1821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}